Published On:
12 June, 2024
Reading Time:
19 minutes
Category:
Payment & Billing
Written By:
Amna
New startups in the SaaS market find it challenging to scale their businesses, generate invoices on time, and increase customer retention.
Despite the competition, there’s still room for growth, especially if you have the right billing software for SaaS to manage your operations.
But, if you’re a SaaS company offering a subscription-based model (or any other model), chances are you’ll be running back and forth to find the best billing software for SaaS.
That’s why we’ve created this list to help you.
Here, you’ll find the best-performing billing software for SaaS, including software that automates mundane processes, tailors offers, manages billing data, and more.
List of 10 Best Billing Software for SaaS
- Tridens Monetization
- Zuora
- Chargebee
- Maxio
- Recurly
- Stripe
- Zoho Billing
- Scoro
- Billsby
- Invoicera
1. Tridens Monetization
Tridens Monetization is the perfect platform to manage complex SaaS billing systems. Plus, it effectively handles payment collection, streamlines revenue management, bills according to different pricing plans, provides advanced customer behavior insights, and more. It’s a top-notch solution that automates billing and provides an end-to-end billing system for different SaaS subscription-based models. With features like a competent BSS solution, Tridens takes things a step ahead.List of Features of Tridens Monetization
- Monetization capabilities
- Quote-to-Cash automation
- Customizable billing and invoicing
- No-code configuration
- API-first design
- AWS Cloud architecture
- Real-time business intelligence
- Advanced pricing design
- Seamless API integrations
- Customer notifications
- Dunning rules and actions
- Multiple subscription management
- Pre-integrated payment and taxation gateways
- Fully configurable contract terms
Top 3 Features of Tridens Monetization
1. Quote-to-Cash Automation
The software helps you automate the entire billing cycle from the quoting stage to the payment collection. This reduces the need for manual tasks and improves overall accuracy.2. No-Code Configuration
This feature enables you to manage and tailor the billing system. The best part is that you need no technical expertise to do so. You can experiment to see what suits you best and promote agility for your business operations.3. Advanced Pricing Design
The software also offers customizable subscription plans based on user-based overage charging. This feature makes room for flexible pricing strategies to meet customer needs.Pros of Tridens Monetization
- The no-code configuration makes it accessible to non-technical users.
- It covers all revenue management and billing needs.
- Supports growth with pay-as-you-grow plans and easy API integrations.
Cons of Tridens Monetization
- The initial configuration can be complex and time-consuming.
- It is not suitable for small businesses with limited budgets.
Pricing
- No free trial
- Basic Package: $500/month
Customer Support of Tridens Monetization
- Email support
- Knowledge base
- FAQs
Average Rating
The average rating is 5/5.Testimonials
Final Verdict
Triden simplifies SaaS billing with automation and customizable features like Quote-to-Cash and advanced pricing. Despite initial setup challenges, it’s an easy-to-use billing option for people with a non-tech background.2. Zuora
Zuora’s SaaS billing software is perfect for new businesses and even established enterprises. The software helps you reach your full potential by offering flexible software solutions. Everything is designed around retaining your customers, acquiring new ones, and offering them recurring but improved value each time. You can also set up free trials, launch promotions, offer discounts, and use pricing plans in any currency.List of Features of Zuora
- ACH Check Transactions
- Customer Management
- Debit Card Support
- Discount Management
- Dunning Management
- Invoice
- Multi-Currency
- Multi-Period Recurring Billing
- Online payments
- Payment Processing
- POS Transactions
- Receipt Printing
- Recurring Billing
- Signature Capture
- Taxation Management
Top 3 Features of Zuora
1. Flexible Pricing
Zuora allows you to adapt to customer demands by quickly designing and deploying pricing packages to deliver value-packed services to your customers. Plus, you can implement dynamic pricing based on different attributes, like the number of API calls.2. API Integrations
This feature allows you to scale invoices, payments, and sign-ups to improve your business performance. You can scale billing and process 300k+ invoices/hour.3. Built-in Extensibility
The built-in extensibility feature creates customized solutions to analyze anomalies and push out new product launches. The feature also helps to streamline integrations with a click-to-connect user interface through pre-built connectors.Pros of Zuora
- Build long-term relationships with customers.
- Calculate charges based on usage of the product or service
- Analyze how customers interact with services or products
- Automate invoicing for subscription changes
- Generate invoices on set schedules
Cons of Zuora
- Complex Implementation
- Difficult Learning
- Lack of Automation
- Integration Issues
- Billing Issues
Pricing
- Flat Fee Pricing: Fixed amount
- Per Unit Pricing: Price per unit
Customer Support of Zuora
- Community Portal
- Implementer Training
- Customer Training
- Knowledge Center
- Developer Center
- Support Center
Average Rating
Zuora has an average rating of 3.9/5.Testimonials
Final Verdict
Zuora is excellent for billing and is suitable for both new and big businesses. It helps you set flexible prices and easily integrates with other apps. However, it can be hard to set up and learn. Overall, it’s suitable for growing your business but has some challenges.3. Chargebee
If you’re an organization that’s transitioning from a startup into an enterprise-level business, Chargebee is the best SaaS billing software to help you make this change. It has an intelligent dunning system, customizable checkout, and billing workflow automation. That’s not all. The software also offers a freemium model plan for businesses launching a new product. The software adapts to your tech stack and becomes a core part of your revenue operations. It then helps you optimize your finance operations and grow.List of Features of Chargebee
- Personalized billing
- Automated billing
- Dispute management
- Discounts and packages
- Revenue recognition
- Order management
- Plan changes
- Subscription analytics
- Subscription management
- Revenue management
Top 3 Features of Chargebee
1. Revenue Optimization
This feature helps recognize at-risk customers who are more likely to cancel their subscriptions. You also get to optimize product offerings and packages to increase customer loyalty.2. Revenue Recognition
With this feature, you can track payments for products that have yet to be delivered, supply multiple revenue types, such as transaction and recurring-based, and check for customer details to manage subscriptions.3. Billing and Payments
With this feature, you can set payment terms per customer or contract, offer different billing options, such as one-time charges or recurring based on usage, and manage specific prices for customers.Pros of Chargebee
- Ease of use
- Billing management
- Subscription management
Cons of Chargebee
- Limited functions
- Expensive for small enterprises
- Limited customization options
- Poor customer support
Pricing
- Free trial priced at $0.00
- Performance priced at $599.00
- For enterprise pricing, get in touch with their customer support.
Customer Support of Chargebee
- Customer support
- Email support
- RevenueStory to find answers to basic FAQs
Average Rating
It has an average rating of 4.4 / 5.0.Testimonials
Final Verdict
ChargeBee is ideal for businesses experiencing steep growth and needing a SaaS billing solution to adapt to these changing needs. With features like revenue optimization, automated billing, and multiple payment options, this platform helps you scale your financial operations.4. Maxio
Developed by SaaSOptics and Chargify, Maxio is an excellent B2B billing platform for SaaS. It automates your reporting and manages your customer lifecycles so you can confidently report on SaaS metrics. Moreover, the platform helps you manage your growing customer base by offering custom contracts, onboarding new customers, offering them renewals, and keeping all your customer information in one place. From billing and invoicing to ARR management, it helps you create insightful customer reports to present to your investors.List of Features of Maxio
- Optimizes revenue for at-risk customers
- Decreases customer churn rate
- Offers personalized billing and custom pricing
- Automates and adjusts the billing processes
- Advanced revenue management
- Expense amortization
- Recurring billing automation
- Diverse billing and payment options
- Payment tracking
Top 3 Features of Maxio
1. Payment Tracking
It tracks payments for undelivered products, manages customer subscription details, and supports several revenue types. It also ensures that you get accurate financial reports according to accounting standards.2. Billing and Payment Integration
It tracks payments for undelivered products, manages customer subscription details, and supports several revenue types. It also ensures that you get accurate financial reports according to accounting standards.2. Billing and Payment Integration
This feature includes different payment terms per customer or contract. Moreover, it manages specific pricing and offers variable billing options for more flexibility.3. Recurring Billing Automation
The platform automatically generates invoices at predefined time intervals, ensuring no disruptions in the billing cycles and reducing manual effort.Pros of Maxio
- Has all the information in one palace.
- Handles recurring billing and manages all subscriptions.
- Tracks payments for undelivered products.
Cons of Maxio
- Lack of analytical data available in finance reports.
- It doesn’t sync well with other integrations.
Pricing
- No free trial
- No free version
- Starting price: $5,000/ year
Customer Support of Maxio
- Email support
- Chatbox option
- Customer call service
Average Rating
It has an average rating of 4.3 / 5.Testimonials
Final Verdict
Maxio is the perfect B2B SaaS billing platform to manage your financial operations. Although it is more expensive, its advanced features make it easier to manage revenues, drive expansion, and pass audits with compliant revenue automation.5. Recurly
Recurly is a platform trusted by many to grow recurring revenue. It offers expertise in subscription management, churn management, and billing. The platform also has data-driven insights to help you increase monthly recurring revenue (MRR) and enhance subscriber retention. With compliant features like payment orchestration and recurring billing, you can focus on improving your workflows and increasing your subscribers’ lifetime value.List of Features of Recurly
- Flexible and quick subscription management.
- Data-driven insights for revenue growth.
- Expertise and benchmarks for scaling.
- Customizable subscription plans and discounts.
- Manage and retain your subscribers.
- Streamlined payment processing.
- Automate recurring invoice generation.
- Reduce subscriber cancellations effectively.
- Accurate tracking of earned revenue.
- Comprehensive subscription business reports.
- Integrate and manage subscription-related apps.
Top 3 Features of Recurly
1. Customizable Plans
You get flexible and simple features that can be quickly set up to test different products, plans, and pricing options. Plus, you can offer promotions like gift subscriptions, coupons, and cards to increase customer acquisition.2. Smart Routing
The platform helps you set up automated payment systems with smart routing to improve customer conversion and transaction success rates. It also offers a variety of payment methods.3. In-depth Analytics
You also get a 360-degree view of your business performance. The dashboard highlights analytics like plan performance, campaign results, churn trends, and other metrics to help you make informed decisions.Pros of Recurly
- Integrates well with other tools.
- Accommodates wider reach of customers beyond month-to-month plans.
Cons of Recurly
- The interface is confusing for non-technical users.
- Users may also need help with data import.
Pricing
- Free trial available.
- Professional plan: N/A
- Elite plan: N/A
Customer Support of Recurly
- AI-powered chatbot.
- Email support.
- Media resources
Average Rating
It has an average rating of 3.9 / 5.Testimonials
Final Verdict
Recurly is an excellent platform for improving subscription management, reducing churn rates through customizable plans, and making decisions using in-depth analytics. It’s a great tool to scale subscription-based businesses.6. Stripe
Stripe is another great addition to the best billing software list. It’s the perfect platform to power your revenue models, build more profitable businesses, and optimize your finances. Stripe stands out as a fantastic option with features like PCI compliance, invoice paying, full-stack payments, and instinct payment acceptance. It can also be easily integrated with other applications like Shopify and Zoho Invoice.List of Features of Stripe
- Accept and optimize payments globally.
- Increase recurring revenue and automate finance operations.
- Set up multi-party payments and payouts.
- Customize UIs for payment experiences.
- Streamlines accrual accounting for accurate revenue tracking.
- Powerful and easy-to-use APIs for unified payment functionality.
- Deploy payment interfaces directly from the Stripe dashboard.
- E-commerce and accounting integrations.
- Works in multiple currencies.
Top 3 Features of Stripe
1. Calculate Recurring Revenue
With this feature, you can bill and manage customers in any way you want, from usage-based billing to simple recurring billing. Automate revenue management workflows and get more work done.2. Digital Wallet Integration
Stripe offers tailored solutions for startups and various SaaS business models. It provides finance automation, embedded finance, and global business capabilities with extensive API integrations and support.3. Multiparty Payouts and Payments
This feature offers instant payouts for fast payments to users, integrates payments into the platform, and offers an end-to-end payment experience.Pros of Stripe
- Multiple payment methods.
- Offers extensive customization options.
- Integrates easily with other platforms.
Cons of Stripe
- The pricing structure may not be ideal for everyone.
- Documentation is not easily understandable.
Pricing
- Pay-as-you-go pricing: 2.9% + 30¢ per successful card charge
Customer Support of Stripe
- Email support
- Live chat support
- Knowledge base
Average Rating
It has an average rating of 4.2 / 5.Testimonials
Final Verdict
Stripe is an amazing pick if you’re looking to build a global business that facilitates global payments, multiparty payouts, and finance automation. Features like full-stack payments and digital wallet integration make it a standout choice.7. Zoho Billing
With Zoho Billing, you can optimize your billing process, control your cash flow system, manage your products, and efficiently handle multiple payment methods. It helps companies make informed decisions using metrics like churn insights, revenue, sales, and receivables. The billing process is designed to strengthen customer relationships and generate more leads. Moreover, you can set tax preferences, create tax-compliant invoices, and adapt to different pricing models.List of Features of Zoho Billing
- Clean and scalable product catalog
- Streamline product offerings
- Curated plans with various pricing models
- Manage discounts and coupons
- Advanced invoicing with automation
- Expense management system
- Recurring billing with flexible options
- Metered billing
- Customer lifecycle management
- Reduce DSO and get more payments
- Generate insightful AR reports
- Subscription metrics like MR, churn rate, and net revenue
- Advanced integrations of HIPAA-compliant features
Top 3 Features of Zoho Billing
1. Customer Self-Service Portal
This feature offers your customers a comprehensive overview of all their transactions, lets them view and comment on quotes, edit their information, and access project details via the portal.2. Detailed Reports
This feature gives you an overview of all your products, streamlines your product offerings, and helps you review new revenue possibilities.3. Improve Your Billing Operations
With Zoho, you can combine invoices, project bills, expenses, and recurring bills – all in one place. This way, you won’t have to spend time on manual efforts.Pros of Zoho Billing
- Connects to several payment options.
- Auto syncs with Zoho CRM without an API
- Easy to set up
- Offers several customization options
- Offers individual customer portals
Cons Zoho Billing
- Hard to view the details of multiple subscriptions for a single client
- Problems with some payment gateway solutions
Pricing
- Standard: $15/month
- Professional: $39/month
- Premium: $79/month
- Elite: $239/month
Customer Support of Zoho Billing
- Call support
- Knowledge academy
- Email support
- FAQs
Average Rating
It’s rated as 4.5 / 5 on software advice.Testimonials
Final Verdict
Zoho is a perfect fit if you want to give customized access to each client, define permissions, and ensure all billing processes are GDPR or HIPAA-compliant. It’s a cloud-based application, so it’s a great option to improve your business workflows.8. Scoro
Scoro is one of the SaaS billing software that makes your life easier. Its features are perfect for agencies, professional businesses, or anyone looking to scale and structure their operations. Moreover, you can control everything from one place—from planning projects to issuing invoices. It lets you create invoices in just a few simple steps and send them to relevant customers. Also, you can plan and forecast your resources to make proactive and informed decisions.List of Features of Scoro
- User role and access management
- Project map and scheduling
- Time tracking
- Project management
- Invoicing and reporting
- Data-driven insights and analytics
- Resourcing planning
- Track and manage recurring client work
- Quoting and budgeting
- Reporting and dashboard
Top 3 Features of Scoro
1. Customizable Dashboards
With the real-time dashboard integration, you can look at the bigger picture. This feature helps you create insightful reports using the latest data and manage your resources and clients.2. Centralized CRM
A centralized CRM allows for storing, analyzing, and tracking customer information. The feature gives a detailed understanding of customer trends, pain points, and needs.3. Quotes and Reports
With this feature, you can set budgets and create proposals based on those quotes. This helps you manage your resources better and plan your business workflows.Pros of Scoro
- User-friendly software
- Good price range
- Fast customer support
- Integrates with other platforms like Xero and MailChimp
Cons of Scoro
- Problems when changing default settings
Pricing
- Essential: $26/month
- Standard: $37/month
- Pro: $63/month
- Ultimate: N/A
Customer Support of Scoro
- Help Center
- Podcast
- Webinars and events
- Call support
- Email support
Average Rating
It has an average rating of 4.6/5 on Software Advice.Testimonials
Final Verdict
Scoro is like an entire package that lets you do everything from one software—no more switching between tools to automate your billing workflows. It has great accounting integration, is easy to use, and helps you make decisions based on data-driven reports. All this makes it a great platform for billing.9. Billsby
Billsby has all the features to make billing simple and easy for you. With its ability to organize products, plan your business workflows, and manage your pricing model, this is one of the best billing software for SaaS. Plus, it has multiple payment gateways and helps you avoid tax complications by automating all your accounting needs. Hundreds of companies trust it to simplify their business operations, which is a testament to the platform’s abilities.List of Features of Billsby
- Advanced pricing models
- Multiple payment options
- Integrated checkout
- Tax compliant-features
- Developer-friendly
- Advanced Reporting
Top 3 Features of Billsby
1. Advanced Customer Dashboard
The advanced and comprehensive dashboard gives you a glance at your subscription billing business’s performance.2. Advanced Reporting System
The advanced reports are based on your data. They break down information into useful chunks that you can view separately to make data-driven decisions.3. Personalized Configuration
You have complete control over how your dashboard will be presented to customers. Plus, this feature compiles all the user information in one place.Pros of Billsby
- Easy to set up
- Intuitive and user-friendly
- Easy integrations
Cons of Billsby
- Limited functions
- Occasional issues with billing systems
Pricing
- Free: $0/month
- Core: $45/month
Customer Support of Billsby
- Help Center
- Developer documentation
- How-to guides
- AI-powered chatbot
- Message support
- Call support
Average Rating
It’s rated 4.8/5 on G2.Testimonials
Final Verdict
Overall, Billsby is a good choice for small business owners. It has all the features you need to simplify your billing process. Its user-friendly design makes the learning curve less steep. Despite the minor limitations, it’s a good option for managing your billing needs.10. Invoicera
Invoicera ensures streamlined involvement and billing—no matter how big or small your business is. The platform lets you focus on core project/business workflows and automates your monotonous and repetitive business operations. Moreover, it’s one of the best billing software for SaaS that focuses on invoicing, helps with global tax compliance, and enables you to avoid potential fraud.List of Features of Invoicera
- Automated invoicing
- Customizable templates
- Real-time time-tracking
- Budgeting tools and expense tracking
- Invoice workflow automation
- Task management
- Customized invoicing experience
- Centralized client and vendor management portal
Top 3 Features of Invoicera
1. Streamlined Billing Process
With this feature, you can streamline all your processes, automate invoice creation, send out customized invoices, and manage billing in real-time.2. Comprehensive Reports
With comprehensive reports, you get a detailed view of your business operations. Reports also help you gain complete control of your finances, help you budget, and track expenses.3. Client and Vendor Management
A centralized client and management portal that makes it easier to communicate with your stakeholders or clients, collaborate with them, and keep everything on record.Pros of Invoicera
- Organize all your quotes
- Cloud-based invoicing and billing
Cons of Invoicera
- Limited functionality
- Not very user-friendly
Pricing
- 7-day free trial
- Starter: $19/month
- Business: $39/month
- Enterprise: $99/month
- Infinite: $149/month
Customer Support of Invoicera
- Message support
- Email support
- Call support
Average Rating
It’s rated 4.6/5 on Software Advice.Testimonials
Final Verdict
Features like real-time tracking and insightful reports make Invoicera a good choice for businesses with different billing needs. Despite its limited capabilities, its overall performance makes it a strong contender in the SaaS billing software market.Table Comparison
Features | Tridens Monetization | Zuora | Chargebee | Maxio | Recurly | Stripe | Zoho Billing | Scoro | Billsby | Invoicera |
Automated/Recurring Billing | ✓ | ✓ | ✓ | ✗ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Customizable Billing/Invoicing | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Subscription Management | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✗ | ✓ | ✓ |
Advanced Reporting/Analytics | ✓ | ✗ | ✓ | ✓ | ✓ | ✗ | ✓ | ✗ | ✓ | ✓ |
Dunning Management/Rules | ✓ | ✓ | ✓ | ✓ | ✓ | ✗ | ✓ | ✗ | ✓ | ✓ |
Taxation/Tax Compliant Features | ✓ | ✓ | ✓ | ✓ | ✗ | ✓ | ✓ | ✓ | ✓ | ✓ |
Real-time Business Intelligence | ✓ | ✗ | ✓ | ✓ | ✓ | ✗ | ✓ | ✓ | ✗ | ✓ |